
Minimum wage to grow by 17% from January 1, 2018, claims Pavlo Rozenko
Minimum wage in
Ukraine will increase by almost
17% from January 1, 2018. This was stated
by Vice Prime
Minister of Ukraine Pavlo Rozenko
during communication with media people.
"This year,
the state budget was adopted
ahead of time, and it encapsulates
a considerable enhancement of social protection.
Moreover, only the minimum pay
in Ukraine will increase by
almost 17% from January 1, 2018, that is a very positive
signal," the Vice Prime minister
emphasized.
Pavlo Rozenko stressed
that raising salaries and its
de-shadowing are the main
source of increased revenues to the Pension
Fund of Ukraine.
"Hence, from how wages will
grow, we can talk about
how pensions will increase in
Ukraine. During 2018, indexation of retirement
payments will be kicked off,
but we want
pensions to grow at a faster
pace," he said.
"We will
do our utmost
to ensure the standard of
living is being improved exactly due to
the implementation of reforms," the Vice Prime
Minister underscored.